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Imaginatik Secures $2.6m Growth Funding

BOSTON, MA--(Marketwire - August 10, 2009) - Imaginatik plc (AIM: IMTK), the
market leader in enterprise crowdsourcing, has announced that it has raised
approximately $2.6m (GBP £1.576m) from new and existing investors.
The funds will be used to provide Imaginatik with the resources to pursue
its growth plans and aggressively continue its development of enterprise
crowdsourcing software and services to address its customers' collaborative
innovation and idea management needs.

The funding announcement comes on the heels of the company joining IBM's
Software-as-a-Service specialty partner program, and follows the
unveiling of ChemBioConnect,
a visual problem-solving and collaboration tool for scientists, powered by
Imaginatik's Idea
Central and developed in partnership with CambridgeSoft and Pfizer.

"We are delighted to have secured this funding, and are well poised to
pursue our growth strategy and capitalize on our market position in the
growing fields of idea and innovation management," said Imaginatik's CEO
Mark Turrell. "As we are seeing the twin trends of an increasing need for
innovation and the growing acceptance of crowdsourcing approaches -- with
both President Obama and US Chief Technology Officer Aneesh Chopra touting
their importance -- Imaginatik's enterprise crowdsourcing solutions are
uniquely placed to help companies find the best ways to identify and
implement innovative concepts."

Imaginatik's Idea Central offers an enterprise-scale system with software
and services based on a deep understanding of how human networks operate,
providing technology and human-centric processes for idea capture,
collaboration, evaluation and implementation. Key issues addressed by
Imaginatik clients like Chubb, Cargill, Merck, Boeing and Xerox include
cost reduction, new product development and sustainability.

With over a decade of experience, Imaginatik is the leading provider of
enterprise crowdsourcing software and services centered on a deep
understanding of how human networks operate. Clients such as Boeing,
Cargill, Chubb, Pfizer and Whirlpool rely on Imaginatik's software,
consulting and research to maintain a competitive edge. Named a World
Economic Forum Technology Pioneer in 2008, Imaginatik is committed to
developing innovative solutions by working with academic institutions such
as IXL Center at Hult International Business School.

Imaginatik's North American operations are handled from the company's
headquarters in Boston, Massachusetts. The company also has an office in
the UK to service clients in EMEA and is publicly traded on the London
Stock Exchange. For further information please visit
http://www.imaginatik.com.